Lathrop Investment Management Corp lifted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 71.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 58,529 shares of the credit services provider’s stock after acquiring an additional 24,343 shares during the period. Paypal makes up about 3.0% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 14th biggest position. Lathrop Investment Management Corp’s holdings in Paypal were worth $10,198,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PYPL. Macquarie Group Ltd. increased its position in shares of Paypal by 26.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,605,632 shares of the credit services provider’s stock worth $173,682,000 after purchasing an additional 339,100 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Paypal by 391.7% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 531 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 423 shares in the last quarter. IMS Capital Management increased its position in shares of Paypal by 1.2% during the 1st quarter. IMS Capital Management now owns 14,329 shares of the credit services provider’s stock worth $1,372,000 after purchasing an additional 170 shares in the last quarter. Wiley BROS. Aintree Capital LLC increased its position in shares of Paypal by 3.3% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 5,895 shares of the credit services provider’s stock worth $564,000 after purchasing an additional 190 shares in the last quarter. Finally, Centre Asset Management LLC acquired a new stake in shares of Paypal during the 1st quarter worth about $2,789,000. 82.75% of the stock is owned by institutional investors.

Paypal stock traded up $3.56 during midday trading on Friday, hitting $196.07. 10,865,370 shares of the stock were exchanged, compared to its average volume of 7,571,171. The company has a fifty day simple moving average of $172.13 and a two-hundred day simple moving average of $133.02. Paypal Holdings Inc has a 52 week low of $82.07 and a 52 week high of $198.66. The stock has a market capitalization of $230.18 billion, a PE ratio of 89.94, a P/E/G ratio of 5.42 and a beta of 1.19. The company has a quick ratio of 1.39, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.46. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the firm earned $0.86 EPS. Paypal’s quarterly revenue was up 22.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Paypal Holdings Inc will post 2.38 EPS for the current fiscal year.

In related news, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $144.15, for a total transaction of $3,603,750.00. Following the transaction, the chief executive officer now owns 569,603 shares of the company’s stock, valued at approximately $82,108,272.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 75,000 shares of company stock worth $10,562,250 in the last three months. 0.12% of the stock is owned by insiders.

PYPL has been the subject of a number of recent analyst reports. DZ Bank cut shares of Paypal from a “buy” rating to a “hold” rating and set a $121.00 target price for the company. in a research report on Tuesday, April 28th. Goldman Sachs Group increased their target price on shares of Paypal from $170.00 to $205.00 and gave the stock a “conviction-buy” rating in a research report on Monday, July 20th. Oppenheimer raised their price objective on shares of Paypal from $140.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday. Nomura Securities lowered their price objective on shares of Paypal from $139.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Finally, BTIG Research restated a “hold” rating on shares of Paypal in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $190.13.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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